Archive for February, 2016

U.S. treasury sec says risk of competitive devaluation greatly reduced

China’s central bank has resumed its easing cycle, injecting an estimated $100 billion worth of long-term cash into the economy to cushion the pain from job layoffs and bankruptcies in industries plagued by overcapacity.

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China February factory activity shrinks more than expected, layoffs on the rise

ET SPECIAL:Love visual aspect of news? Enjoy this exclusive slideshows treat! SHANGHAI: Activity in China’s manufacturing sector shrank more sharply than expected in February, surveys showed on Tuesday, prompting smaller companies to shed workers at the …

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Grand Rapids Plastics lays off workers following canceled contracts

The second is slated for May 6, or within two weeks thereafter, according to the letter. The 85 layoffs will occur at the company’s Grand Rapids campus, which consists of four facilities located along Roger B. Chaffee Boulevard. FCA’s decision was so …

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Chicago Public Schools Announces Latest Layoffs And Cuts

The continuing budget impasse in IL has forced the Chicago school district to announce another round of layoffs-62 employees, including 17 teachers, will receive notices that they are being let go. The district said that the $85 million in cuts announced …

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China Feb factory activity shrinks more than expected, layoffs on the rise

SHANGHAI (Reuters) - Activity in China’s manufacturing sector shrank more sharply than expected in February, surveys showed on Tuesday, prompting smaller companies to shed workers at the fastest pace in seven years and suggesting Beijing will have to ramp …

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John A. Logan employees receive notice of impending layoffs

Dozens of tenured faculty, non-tenured faculty and staff members at John A. Logan College in Carterville received notice on Monday, Feb. 29 their jobs were on the chopping block. The earliest any of approximately 55 layoffs will be finalized will be …

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